Polish PGNiG announced the right to $ 1.5 billion from Gazprom
Polish gas Firm PGNIG said that won "Gazprom" about the price of gas and might return 1, 5 billion.
Polish gas Firm PGNIG said that won "Gazprom" about the price of gas and might return 1, 5 billion.
As stated in the organization, 30 March 2020, there we have received information that "the Arbitration court in Stockholm made the final decision in the arbitration proceedings against PGNIG PJSC "Gazprom" and OOO " Gazprom Export ", relatively lower contract prices for gas supplied by " Gazprom ".
according to PGNIG, the bankruptcy court "changed the pricing formula for the purchase of gas supplied by the company "Gazprom" during the Yamal contract, for example with regard to its direct connection with the market prices of natural gas in the European energy market ".
"the use of the modified pricing formula will mean for PGNIG significant improvement in trading activities due to the greater consistency between the indexation of prices influencing the price of gas imports, and market pricing of gas sales," according to the report.
according to the Polish organization, the decision of the arbitration relating to the supply of 1 January 2014, i.e. from the time of the filing firm PGNIG demands to change.
Treaty of 1996 provides for the delivery to Poland of up to ten billion cubic meters of gas from Russia per year. The contract is valid until 2022. In 2012, the price of gas to Poland under the contract reduced by 10%. In 2015, PGNIG filed a lawsuit in the Stockholm Arbitration court on the new lower cost, motivating it with that value does not match the state of the market.
Arbitration Stockholm in July 2018 issued an interim decision.
Gazprom then announced that the court agreed with his arguments and completely rejected by the Polish organizations in the change of gas supply. However, the Polish side treats a judicial decision in their favor.
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